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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

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New weekly container ship service to connect Cochin, Chennai ports with MENA

     

    • The new service is jointly operated by a global shipping line –Evergreen Line, and feeder operators–Feedertech and Express Feeders

    • The new service will further boost trade between India and UAE

     

     

    Global logistics company DP World has welcomed a new weekly India South Gulf (ISG) Service at its port terminals in Chennai, Tamil Nadu and Cochin, Kerala, media reports in India said.

    The new service is jointly operated by a global shipping line –Evergreen Line, and feeder operators–Feedertech and Express Feeders.

    The new weekly service will directly connect DP World-operated Chennai Container Terminal (CCT) and International Container Transshipment Terminal (ICTT) at Cochin with the Middle East Region.

    “With the addition of this service, both CCT and ICTT will boast of three direct weekly services to and from the Middle East,” the reports said. “The new service will further boost trade between India and UAE thereby providing customers more options to move their cargo on this key and the fastest growing trade lane”.

    The service, the reports said, will  benefit customers from Kerala and Tamil Nadu as well as those based out of Bangalore who can use rail connections to connect cargo directly to ICTT.

    The service commenced with the call of vessel MV Ever Chant operated by Evergreen Line at Chennai and Cochin. MV Hansa Rotenburg operated by Feedertech was the second vessel deployed on this service.